Business in Emerging Markets
Exam Solutions
Course Introduction
This course provides a comprehensive exploration of the unique challenges and opportunities that businesses encounter in emerging markets. Students will examine the economic, political, cultural, and institutional factors that distinguish these markets from more developed economies, gaining insights into global expansion strategies, risk management, and market entry modes. Through case studies and real-world examples, the course emphasizes how organizations adapt to rapidly changing environments, navigate regulatory complexities, and leverage innovation to drive sustainable growth in diverse and dynamic settings.
Recommended Textbook
International Business The Challenges of Globalization 5th Edition by John J. Wild
Available Study Resources on Quizplus
16 Chapters
3050 Verified Questions
3050 Flashcards
Source URL: https://quizplus.com/study-set/2032
Page 2
Chapter 1: Globalization
Available Study Resources on Quizplus for this Chatper
213 Verified Questions
213 Flashcards
Source URL: https://quizplus.com/quiz/40384
Sample Questions
Q1) National ________ is a strong shaper of a people's values, attitudes, customs, beliefs, and communication styles.
Answer: culture
Q2) The quest for natural ________ draws many companies into international markets. Answer: resources
Q3) Two major forces that underlie the expansion of globalization are ________ and ________.
A) visa regulations; declining tourism
B) trademarks; patents
C) trade barriers; political unrest
D) falling barriers to trade and investment; technological innovation
Answer: D
Q4) Globalization is the trend toward greater economic, cultural, ________, and ________ interdependence among national institutions and economies.
A) regional; national
B) temporary; mutual
C) domestic; international
D) political; technological
Answer: D
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Cross-Cultrual Busines
Available Study Resources on Quizplus for this Chatper
232 Verified Questions
232 Flashcards
Source URL: https://quizplus.com/quiz/40385
Sample Questions
Q1) Two types of customs are ________ and ________ customs.
Answer: folk, popular
Q2) Detailed knowledge about a culture that enables people to live and work within it is called ________.
A) cultural literacy
B) social mobility
C) cultural diffusion
D) aesthetics
Answer: A
Q3) People in ________ and ________ cultures tend to be casual about time. Answer: Latin American, Mediterranean
Q4) Nokia Corporation uses its knowledge of cultures to adapt its mobile handsets to suit local markets.
A)True
B)False
Answer: True
Q5) People in Japan are casual about time and maintain flexible schedules. A)True
B)False
Answer: False
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Politics, Law, and Business Ethics
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40386
Sample Questions
Q1) The Foreign Corrupt Practices Act forbids U.S. companies from ________ government officials or political candidates in other nations.
Answer: bribing
Q2) A democracy is a political system in which government leaders are elected directly by the wide participation of the people or their representatives.
A)True
B)False
Answer: True
Q3) Most democracies have resorted to "representative" democracies in which citizens elect individuals from their groups to represent their political needs and views.
A)True
B)False
Answer: True
Q4) Treaties concluded among several nations are called multilateral agreements.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above. Page 5
Chapter 4: Economic Systems and Development
Available Study Resources on Quizplus for this Chatper
218 Verified Questions
218 Flashcards
Source URL: https://quizplus.com/quiz/40387
Sample Questions
Q1) The sale of government-owned economic resources to private operators is called
A) the price mechanism
B) laissez-faire economics
C) privatization
D) guanxi
Q2) Nations having the poorest infrastructures and lowest personal incomes are called
A) developed countries
B) newly industrialized countries
C) emerging markets
D) developing countries
Q3) Market economics is rooted in the belief that ________.
A) group concerns should be placed above individual concerns
B) individual concerns should be placed above group concerns
C) neither individual or group concerns are important
D) totalitarianism enhances a country's economic well-being
Q4) The economic well-being of one nation's people as compared with that of another nation's people is reflected in the country's ________.
Q5) Discuss the importance of economic development for international business.
Page 6
To view all questions and flashcards with answers, click on the resource link above.
Chapter 5: International Trade
Available Study Resources on Quizplus for this Chatper
179 Verified Questions
179 Flashcards
Source URL: https://quizplus.com/quiz/40388
Sample Questions
Q1) Colonies were important to mercantilist nations for all the following reasons EXCEPT
A) to serve as sources of inexpensive raw materials
B) to serve as markets for higher-priced finished goods
C) to serve as a source of profits for mercantilist powers
D) to serve as a source of military protection
Q2) Germany is central Europe's largest trading partner.
A)True
B)False
Q3) Discuss the factor proportions theory and describe the evidence on this theory.
Q4) Adam Smith developed the theory of comparative advantage in 1776.
A)True
B)False
Q5) The theories of comparative and absolute advantage assume that countries are driven only by the maximization of production and consumption.
A)True
B)False
Q6) Wassily Leontief developed factor proportions theory.
A)True
B)False
Page 7
To view all questions and flashcards with answers, click on the resource link above.
Chapter 6: Business-Government Trade Relations
Available Study Resources on Quizplus for this Chatper
194 Verified Questions
194 Flashcards
Source URL: https://quizplus.com/quiz/40389
Sample Questions
Q1) Tariff-quotas are used extensively in the trade of ________.
A) manufactured goods
B) services
C) textiles
D) agricultural products
Q2) What are voluntary export restraints and how are they used?
Q3) A lower tariff rate for a certain quantity of imports and a higher rate for quantities that exceed the quota is referred to as a(n) ________.
Q4) A compound tariff is levied on an imported product and calculated partly as a percentage of its stated price, and partly as a specific fee for each unit.
A)True
B)False
Q5) Which of the following is NOT a true statement about embargoes?
A) An embargo may be placed on one or a few goods or may completely ban trade in all goods.
B) An embargo is the most restrictive nontariff barrier available.
C) An embargo is usually employed for political reasons.
D) Embargoes are used frequently today because they are easy to implement.
Q6) Explain why governments impose restrictions on free trade.
Page 8
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: Foreign Direct Investment
Available Study Resources on Quizplus for this Chatper
173 Verified Questions
173 Flashcards
Source URL: https://quizplus.com/quiz/40390
Sample Questions
Q1) Companies seek cross-border mergers and acquisitions to ________.
A) get a foothold in new geographic markets
B) increase a firm's global competitiveness
C) fill in gaps in companies' product lines in a global industry
D) all of the above
Q2) GMI's production system can best be described as ________.
A) greenfield production
B) centralized production
C) rationalized production
D) market power production
Q3) The soaring cost of developing subsequent stages of technology has led multinationals to engage in cross-border alliances and acquisitions.
A)True
B)False
Q4) Explain the theory of market imperfections and describe the two market imperfections.
Q5) The ________ account within the current account includes exports and imports of tangible goods.
Q6) Why might a host country promote or restrict foreign direct investment?
To view all questions and flashcards with answers, click on the resource link above. Page 9
Q7) Distinguish between the different advantages identified by the eclectic theory.
Chapter 8: Regional Economic Integration
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40391
Sample Questions
Q1) The stated aim of the organization for Asia Pacific Economic Cooperation (APEC) is to
A) build another trading bloc
B) create a political union
C) strengthen the multilateral trading system
D) create a single unified economic union
Q2) The Council of the European Union is the ________ body of the European Union.
A) legislative
B) executive
C) financial
D) monitoring
Q3) ________ has adopted the U.S. dollar as its official currency.
A) El Salvador
B) Honduras
C) Nicaragua
D) Costa Rica
Q4) One country that is a logical, but highly unlikely, candidate for future membership in the European Union is Luxembourg.
A)True
B)False
Page 10
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: International Financial Markets
Available Study Resources on Quizplus for this Chatper
195 Verified Questions
195 Flashcards
Source URL: https://quizplus.com/quiz/40392
Sample Questions
Q1) Interest arbitrage is the profit-motivated purchase and sale of interest-paying securities denominated in different currencies.
A)True
B)False
Q2) ________ is a prominent operational center.
A) Phoenix
B) London
C) Beijing
D) Frankfurt
Q3) Which of the following denotes a stock market with no central geographic location?
A) Cybermarket
B) Foreign exchange market
C) Capital market
D) Bond market
Q4) In a quoted exchange rate, the currency with which another currency is to be purchased is called the ________.
Q5) Identify and explain factors responsible for the growth of the international equity market.
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: International Money System
Available Study Resources on Quizplus for this Chatper
182 Verified Questions
182 Flashcards
Source URL: https://quizplus.com/quiz/40393
Sample Questions
Q1) An exchange-rate system in which currencies float against one another, with governments intervening to stabilize currencies at particular target exchange rates, is called a(n) ________.
Q2) Devaluation lowers the price of a country's exports on world markets and increases the price of imports.
A)True
B)False
Q3) Forward exchange rates are perfect predictors of future exchange rates.
A)True
B)False
Q4) The value of a currency expressed in dollars is called its par value.
A)True
B)False
Q5) Fiscal policies refer to activities that directly affect a nation's interest rates or money supply.
A)True
B)False
Q6) Explain how a pegged exchange rate system works. Why would a country choose to follow this type of system?
Page 12
To view all questions and flashcards with answers, click on the resource link above.
Chapter 11: International Strategy and Organization
Available Study Resources on Quizplus for this Chatper
199 Verified Questions
199 Flashcards
Source URL: https://quizplus.com/quiz/40394
Sample Questions
Q1) The key to developing an effective business-level strategy is deciding on a general competitive strategy in the marketplace.
A)True
B)False
Q2) The strategy formulation process involves both planning and strategy.
A)True
B)False
Q3) A company's mission statement often guides decisions such as which industries to enter or exit and how to compete in chosen segments.
A)True
B)False
Q4) The strategy that Beanstalk would likely want to follow is called a ________ strategy.
A) multinational
B) retrenchment
C) global
D) stability
Q5) A(n) ________ is an organizational structure that organizes a company's entire global operations into countries or geographic regions.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Analyzing International Opportunities
Available Study Resources on Quizplus for this Chatper
169 Verified Questions
169 Flashcards
Source URL: https://quizplus.com/quiz/40395
Sample Questions
Q1) Which of these methods would you advise for collecting information in Country A?
A) Secondary market research
B) Verbal questioning
C) Written surveys
D) Consumer panel
Q2) Measuring market or site potential takes place during the ________ stage of the screening process for potential markets and sites.
A) first
B) second
C) third
D) fourth
Q3) Locating production facilities within regional markets (such as the European Union) is popular because producing in one of a region's countries provides duty-free access to every consumer in the trade bloc.
A)True
B)False
Q4) The process of obtaining information that already exists within the company or that can be obtained from outside sources is called ________.
Q5) An income elasticity coefficient greater than 1.0 conveys an ________ product.
To view all questions and flashcards with answers, click on the resource link above. Page 14
Chapter 13: Selecting and Managing Entry Modes
Available Study Resources on Quizplus for this Chatper
212 Verified Questions
212 Flashcards
Source URL: https://quizplus.com/quiz/40396
Sample Questions
Q1) A company that exports products on behalf of an indirect exporter is called a(n)
A) distributor
B) export trading company
C) agent
D) export management company
Q2) A ________ joint venture is formed when each partner requires the same component in its production process.
A) backward
B) multistage
C) forward
D) buyback
Q3) A way a company can achieve economies of scale is to expand into international markets.
A)True
B)False
Q4) A sales representative represents the products of its own company only, not the products of other companies.
A)True
B)False
Page 15
To view all questions and flashcards with answers, click on the resource link above.
Chapter 14: Developing and Marketing Products
Available Study Resources on Quizplus for this Chatper
187 Verified Questions
187 Flashcards
Source URL: https://quizplus.com/quiz/40397
Sample Questions
Q1) The ________ method can be the simplest and most profitable promotion strategy.
Q2) Efforts by a company to reach distribution channels and target customers through communications such as personal selling, advertising, public relations, and direct marketing are called its promotion mix.
A)True
B)False
Q3) Efforts by a company to reach distribution channels and target customers through communications such as personal selling, advertising, public relations, and direct marketing are called its ________.
A) marketing objectives
B) distribution policies
C) promotion mix
D) value density
Q4) Explain the notion of the Euro-consumer. Discuss why Euro-consumers are rarely found.
Q5) A free-market price that unrelated parties charge one another for a specific product is called a(n) ________.
Q6) Creating consumer demand through direct marketing techniques is a common example of a ________ strategy.
Page 16
To view all questions and flashcards with answers, click on the resource link above.
Chapter 15: Managing International Operations
Available Study Resources on Quizplus for this Chatper
140 Verified Questions
140 Flashcards
Source URL: https://quizplus.com/quiz/40398
Sample Questions
Q1) Facilities spread over several locations are called ________.
Q2) Deciding whether to make a component or buy it from another company is called vertical integration.
A)True
B)False
Q3) Which of these is an advantage of American Depository Receipts (ADRs)?
A) Investors who buy ADRs pay no currency-conversion fees.
B) There are no minimum purchase requirements for ADRs.
C) Companies offer ADRs in the U.S. to appeal to mutual funds.
D) All of the above.
Q4) Non-U.S. companies can list shares directly in the United States by issuing American Depository Receipts (ADRs).
A)True
B)False
Q5) Locating separate production facilities near different markets helps firms develop a deeper understanding of buyer behavior in local cultures.
A)True
B)False
Q6) Another terms for fixed assets is ________.
17
To view all questions and flashcards with answers, click on the resource link above.
Chapter 16: Hiring and Managing Employees
Available Study Resources on Quizplus for this Chatper
157 Verified Questions
157 Flashcards
Source URL: https://quizplus.com/quiz/40399
Sample Questions
Q1) ________ is the process of staffing a company and ensuring employees are as productive as possible.
Q2) The process of screening and hiring the best-qualified applicants with the greatest performance potential is called ________.
Q3) Mr. Yoshimura's daughters have been complaining every night about their lifestyle in the United States. They say they don't want to ride in pick-up trucks anymore and just want to go home. If Mr. Yoshimura gives in to his family members' pleas, ________.
A) his case would represent most expatriate failures where employees return early because of the added responsibilities of the foreign assignment
B) his case would be atypical of most expatriate failures where employees return early because of the added responsibilities of the foreign assignment
C) he would be representative of other cases of expatriate failure where failure to adapt by family members was the main reason for failure
D) he would be atypical of other expatriate failures where failure to adapt by family members was the main reason
Q4) ________ offer insight into social, political, legal, and economic institutions.
To view all questions and flashcards with answers, click on the resource link above.
Page 18